Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Total Assets : ¥3,748 Mil (As of Mar. 2024)

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What is Suzhou Douson Drilling and Production Equipment Co Total Assets?

Suzhou Douson Drilling and Production Equipment Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,748 Mil.

Warning Sign:

If a company builds assets at 23.6% a year, faster than its revenue growth rate of 15.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Suzhou Douson Drilling and Production Equipment Co's average Total Assets Growth Rate was -0.40% per year. During the past 3 years, the average Total Assets Growth Rate was 40.60% per year. During the past 5 years, the average Total Assets Growth Rate was 23.60% per year. During the past 10 years, the average Total Assets Growth Rate was 14.90% per year.

During the past 13 years, Suzhou Douson Drilling and Production Equipment Co's highest 3-Year average Total Assets Growth Rate was 40.60%. The lowest was -1.00%. And the median was 12.40%.

Total Assets is connected with ROA %. Suzhou Douson Drilling and Production Equipment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 3.16%. Total Assets is also linked to Revenue through Asset Turnover. Suzhou Douson Drilling and Production Equipment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Suzhou Douson Drilling and Production Equipment Co Total Assets Historical Data

The historical data trend for Suzhou Douson Drilling and Production Equipment Co's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Suzhou Douson Drilling and Production Equipment Co Total Assets Chart

Suzhou Douson Drilling and Production Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,753.55

1,581.13

1,795.30

3,696.94

3,620.53

Suzhou Douson Drilling and Production Equipment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4,015.94	4,242.89	4,194.28	3,620.53	3,747.69

Suzhou Douson Drilling and Production Equipment Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Suzhou Douson Drilling and Production Equipment Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	952.437	+	2668.088
	=	3,621

Suzhou Douson Drilling and Production Equipment Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	944.173	+	2803.513
	=	3,748

Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Total Assets Explanation

Total Assets is connected with ROA %.

Suzhou Douson Drilling and Production Equipment Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	116.464	/	( (3620.525	+	3747.686)	/ 2 )
	=	116.464	/	3684.1055
	=	3.16 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Suzhou Douson Drilling and Production Equipment Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	337.053	/	( (3620.525	+	3747.686)	/ 2 )
=	337.053	/	3684.1055
=	0.09

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Suzhou Douson Drilling and Production Equipment Co Total Assets Related Terms

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Suzhou Douson Drilling and Production Equipment Co (SHSE:603800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suzhou Douson Drilling and Production Equipment Co Ltd (SHSE:603800) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Xingtai Road, Taiping Town, Xiangcheng District, Suzhou, CHN, 215137

Website

http://www.douson.cn

Suzhou Douson Drilling and Production Equipment Co Ltd is engaged in manufacturing and selling drilling equipment, production wellheads, valves and well control equipment. Its main products are Wellhead equipment and oil and gas (gas) trees, well control equipment, pipeline valves, top drive spindles and other oil and gas drilling equipment. Its products are widely used in the drilling, development, production and other fields of oil and gas, natural gas and shale oil and gas resources.

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